Value of 1967 Euro (Finland) today

€100 in 1967

€1,000.62 in 2018

The inflation rate in Finland between 1967 and today has been 900.62%, which translates into a total increase of €900.62. This means that 100 euro in 1967 are equivalent to 1,000.62 euro in 2018. In other words, the purchasing power of €100 in 1967 equals €1,000.62 today. The average annual inflation rate has been 4.53%.

Inflation timeline in Finland (1967-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (EUR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1967-2018) 887.57%
Total Inflation* 900.62%
Annual inflation avg. (1967-2018) 4.59%
Annual inflation avg.* 4.53%
CPI 1967 10.28
CPI 2018 101.51
CPI today* 102.85
€1 in 1967 €9.88 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are €100 worth today. There are 51 years between 1967 and 2018 and the average inflation rate has been 4.5288%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)51 = €987.57

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1967 was 10.28 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/10.28
= €987.57

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1967 €10.01 euro today
€5 euro in 1967 €50.03 euro today
€10 euro in 1967 €100.06 euro today
€50 euro in 1967 €500.31 euro today
€100 euro in 1967 €1,000.62 euro today
€500 euro in 1967 €5,003.08 euro today
€1,000 euro in 1967 €10,006.16 euro today
€5,000 euro in 1967 €50,030.78 euro today
€10,000 euro in 1967 €100,061.56 euro today
€50,000 euro in 1967 €500,307.8 euro today
€100,000 euro in 1967 €1,000,615.61 euro today
€500,000 euro in 1967 €5,003,078.04 euro today
€1,000,000 euro in 1967 €10,006,156.09 euro today

Value of Euro in time (by year)

Period Value
1967 100
1968 107.86
1969 113.51
1970 115.46
1971 119.06
1972 129.43
1973 137.97
1974 157.37
1975 184.01
1976 217.33
1977 244.09
1978 270.53
1979 288.01
1980 312.79
1981 355.83
1982 388.63
1983 423.17
1984 459.22
1985 487.38
1986 507.2
1987 522.27
1988 544.36
1989 579.52
1990 617.53
1991 648.65
1992 675.46
1993 691.13
1994 701.69
1995 713.14
1996 712.89
1997 719.83
1998 733.42
1999 739.42
2000 754.44
2001 777.22
2002 791.08
2003 804.17
2004 809.02
2005 812.48
2006 817.29
2007 835.24
2008 857.26
2009 886.63
2010 881.73
2011 906.88
2012 933.17
2013 955.17
2014 970.55
2015 975.12
2016 972.79
2017 982.81
2018 987.57
Today 1,000.62